The options for the proposed digital services tax (DST) have been released, with the government intending to “ensure offshore digital companies no longer enjoy tax breaks which aren’t available to local businesses”.
Continue reading “Government eyes tax on digital platforms like Uber, Instagram.”
Finance Minister Grant Robertson said the proposed tax would apply to outlets like Uber, AirBnb, Facebook, YouTube and Instagram.
“A DST would be narrowly targeted at certain highly digitalized business models. It’d not apply to sales of products or services, however to digital platforms that rely upon a base of users for financial gain from advertising or information,” he said.